Hulhumalé South MP Dr. Ahmed Shamheed faces the legal risk of losing his seat in the People's Majlis after the Civil Court ordered several parties, including him, to pay USD 281,474.28 to Maldives Islamic Bank (MIB). His seat could be at stake if the money is not repaid as ordered.
The Civil Court delivered the judgment yesterday in a case filed by the bank over non-payment of a USD 500,000 facility issued by MIB. The case was brought against two related companies and the individuals liable for the facility.
The court ordered that a total of USD 281,474.28 (about MVR 4.3 million), made up of USD 244,826.52 outstanding under the facility and USD 36,647.76 in charges, be paid to the bank within the set deadline. It also ruled that the amount is a proven debt for which all the defendants are jointly and severally liable.
Under Article 73(c)(1) of the Constitution, a member of the People's Majlis loses their seat if they have a proven debt and are not repaying it in accordance with a court judgment.
Shamheed has announced that he will contest the opposition MDP's primary for the upcoming presidential election and is currently campaigning.
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